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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of early 2018 less than 3% of the total condo market is up for sale (roughly 280 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in 2019. The next new condo building will be completed some time after 2020, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Beautiful 2 Bedroom, 2 Bathroom in Alta Condos on the 11th floor, one of San Diego's greatest residential towers. Big Downtown views. Hardwood floors and home appliances....
- 2 Beds
- 2 Baths
- 190003328 MLS
- Alta Condos Bldg.
- ACTIVE Status
7 NEW construction units in the heart of the City. 1 bedroonm plus OPTIONAL 1 Bedroom/Office. Walk to Little Italy, be where all the action is!! Close to Balboa Park a...
- 1 Beds
- 2 Baths
- 190003326 MLS
- New Construction Bldg.
- ACTIVE Status
STUNNING 5TH FLR CORNER-OPEN KITCHEN FLOOR PLAN-GRANITE COUNTERTOPS-STAINLESS STEEL APPLIANCES-BRAND NEW HARDWOOD FLOORING- SPACIOUS LIVING ROOM-FLOOR TO CEILING WINDOWS-...
- 1 Beds
- 1 Baths
- 190003291 MLS
- Icon Bldg.
- ACTIVE Status
Great views from every room, ideal split bedroom floor plan, lots of custom built-ins including sliding doors to guest bedroom, walk-in closet, dry bar in the living room...
- 2 Beds
- 2 Baths
- 190003272 MLS
- Smart Corner Bldg.
- ACTIVE Status
Sunrise to sunset views capture the expansive bay & cityscape. A perfect backdrop for enjoying the vibe of urban energy. Close proximity to restaurants, shopping & parks....
- 2 Beds
- 2 Baths
- 190003264 MLS
- Park Place Bldg.
- ACTIVE Status
The words "urban" and "tranquil" are seldom used in the same sentence; unless one is describing Park Row. This community sits on several acres of lushly landscaped, pet ...
- 2 Beds
- 2 Baths
- 190003255 MLS
- Park Row Bldg.
- ACTIVE Status
Just steps from Petco Park this completely furnished 6th story condominium in the Diamond Terrace building boasts beautiful granite counter tops, custom cabinetry, like n...
- 1 Beds
- 1 Baths
- 190003174 MLS
- Diamond Terrace Bldg.
- ACTIVE Status
Perfect for spreading out and entertaining. This light-filled South East corner home has expansive windows, open and spacious kitchen, and convenient den.
- 2 Beds
- 2 Baths
- 190003126 MLS
- Savina Bldg.
- ACTIVE Status
Premium NW corner Home features over 1600 Sq Ft. with large kitchen island. 2 Bedrooms + den, oversize balcony and lots of windows are some of the features that make this...
- 2 Beds
- 2 Baths
- 190003125 MLS
- Savina Bldg.
- ACTIVE Status
One of the largest homes at Savina. 35th level North West facing Sub Penthouse. 3 Bedroom + Den/3 Bath. Two Master Bedrooms with Walk-in closets. Laundry room and generou...
- 3 Beds
- 2 Baths
- 190003118 MLS
- Savina Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 Sandicor®, Inc.
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